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# UPDATED: Turntable.fm Raises $7.5 Million, Offers Look At Monetization Strategy
- URL: https://www.hypebot.com/turntablefm-raises-75-million-offers-look-at-monetization-strategy/
- Published: 2011-07-08T08:23:33.000Z
- Updated: 2011-07-08T08:23:33.000Z
- Description: (UPDATE: This round of funding for Turntable.fm is not be closed yet, thanks to competition among venture capitalists scrambling to jump aboard.) Red hot social music startup Turntable.fm has raised. Continue reading [https://www.hypebot.com/hypebot/2011/07/turntablefm-raises-75-million-offers-look-
- Author: Bruce Houghton
- Tags: Social Media, Streaming, #wp, #wp-post, #Import 2026-01-21 10:55

[![image from www.google.com](http://hypebot.typepad.com/.a/6a00d83451b36c69e201543391a148970c-200wi "image from www.google.com")](http://hypebot.typepad.com/.a/6a00d83451b36c69e201543391a148970c-popup?ref=hypebot.com)

****(UPDATE: *This round of funding for Turntable.fm [is not](http://techcrunch.com/2011/07/07/investors-turntable-fm/?ref=hypebot.com) be closed yet, thanks to competition among venture capitalists scrambling to jump aboard.)* Red hot social music startup [Turntable.fm](http://turntable.fm/?ref=hypebot.com) has raised $7.5 million on a $37.5 million valuation. Originally, launched as [Stickybits](http://www.stickybits.com/?ref=hypebot.com), stickers that link physical goods to the net, the founders [pivoted](http://www.betabeat.com/2011/07/07/turntable-fm-and-the-siren-song-of-the-start-up-pivot/?ref=hypebot.com) and grew to 140,000 active users in their first month.The original investors came back for more including First Round Capital's Charlie O'Donnell who offered a hint at how the site plans to monetize its now free music service.**

"If Turntable.fm asked me to pay a subscription to take it mobile… I'd do it in a heartbeat," 

O'Donnell [tweeted](http://twitter.com/?ref=hypebot.com#!/ceonyc/status/85734049171251200) last week.

Turntable.fm may have cracked the social music code. It's enjoyable as both a passive and active music experience.Enter or create a music themed room as one of 1 of as many as 5 live DJ's or just listen as they take turns picking tunes. There are also opportunities to vote, chat and interact.

**MORE:**

- [How To Use Turntable.fm To Interact With Fans & Promote Your Band](https://www.hypebot.com/how-to-use-turntablefm-to-interact-with-fans-promote-your-band/)
- [Turntable.fm Focuses on "Playing Music Together"](https://www.hypebot.com/turntablefm-focuses-on-playing-music-together/)